07-17-2006 MEMORANDUM - Laserfiche WebLink

Home Browse Search

costs of operations for the YMCA, including the lease payments to the EDA. Any shortages between the amounts collected and paid will be funded by the YMCA. F. Maintenance and Capital Improvements. YMCA shall be responsible for maintaining the Building to an appropriate standard for such a facility, including making all capital improvements necessary to ensure the structural integrity of the building and to support any changes in programming necessary to keep the programming current and consistent with the programming at other YMCAs operated by the YMCA. G. Termination. At End of Initial Term. The Lease may be terminated by either party by providing 10 years written notice to the other party beginning on the 21st anniversary date of the agreement and on each anniversary date thereafter. 2. For Cause. The EDA shall have the right to terminate the Lease for cause, upon 90 days' written notice, with the opportunity to cure, i£ a. The YMCA fails to make lease payments; b. The operation of the YMCA, including the fees charged, is not consistent with the standard YMCA curriculum, practices, guidelines, and fees charged for other YMCAs operated by the YMCA; c. The YMCA ceases operations; or d. YMCA fails to maintain the Building. H. Access. The City will be responsible for providing access to the site for the YMCA Building. II. The YMCA's Hours of Operation: A. The YMCA may operate from 5 a.m. until 11 p.m. Monday through Sunday. B. Holidays: The YMCA will be closed on Christmas and Easter. III. Risk Management Principles A. The YMCA will carry casualty and liability insurance customary for such a facility. Insurance policy will include the City and EDA as named insureds. B. The City and EDA as Owners will carry casualty, property and liability insurance as the City and EDA determine necessary. The insurance will include the YMCA